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"We have seen some worrying signs of a deterioration of measures of longer-run inflation expectations in recent years," Williams said Friday in a speech in New York. Preliminary data released earlier this month by the University of Michigan showed the five-to-10-year inflation outlook among consumers

Pakistan's military warned India on Friday against "misadventure", saying it was capable of responding to any threats as tensions simmer between the two nuclear-armed neighbours. "We hope you will not mess up with us," military spokesman Major General Asif Ghafoor told a press briefing in the garrison city of Rawalpindi, the second such message Pakistan has sent to New Delhi in as many days. Tensions have risen in the days following a suicide attack in Kashmir that killed 41 Indian paramilitaries and was claimed by Islamist group Jaish-e-Mohammed (JeM), based in Pakistan.

The move put the spotlight on Kraft's slowing growth and the changing tastes of consumers, who have been shunning older, established brands for newer hipper products, cheaper private label brands and non-processed food. Berkshire Hathaway's Class B shares were down 1 percent. Shares of rivals

Shares of Stamps dropped as much as 58 percent on Friday in New York, touching their lowest since August 2016 and wiping off $2 billion in market value. The company's commentary about aggressive pricing tactics employed by bigger rivals -- as well as new challenges from Amazon -- also weighed on shares

Empire is no longer standing by its man. The Fox drama has suspended Jussie Smollett in the wake of the actor's arrest for allegedly staging last month's hate-crime attack against himself. Smollett's sorta-dismissal comes as the Fox drama was winding down production on Season 5; there's no word how his character Jamal's absence in this season's […]

WASHINGTON (Reuters) - U.S. Department of Agriculture has paid out $7.7 billion so far to farmers, William Northey, Undersecretary for Farm Production and Conservation, said on Friday, in aid designed to offset the negative impact of tariff imposition.

There was nothing about it that made me think it was anything other than a Christian cross," Edwords, 70, said in an interview. Edwords and two other plaintiffs filed a 2014 lawsuit challenging the cross as a violation of the U.S. Constitution's Establishment Clause, which prohibits the government from establishing an official religion and bars governmental actions favoring one religion over another. While the Establishment Clause's scope is a matter of dispute, most Supreme Court experts predict the challenge to the Peace Cross will fail, with the justices potentially setting a new precedent allowing greater government involvement in religious expression.

VATICAN CITY (AP) - Cardinals attending Pope Francis' summit on preventing clergy sex abuse called Friday for a new culture of accountability in the Catholic Church to punish bishops and religious superiors when they fail to protect their flocks from predator priests.

On Friday, Pakistan's army spokesman said that the country did not want a war with India but warned that Islamabad would retaliate and "dominate the escalation ladder" if New Delhi authorized any military strikes. "Pakistan's armed forces shall never be surprised by you, but let me assure you we shall surprise you," Major General Asif Ghafoor said at a press conference in the garrison town of Rawalpindi on Friday.

On Friday, Pakistan's army spokesman said that the country did not want a war with India but warned that Islamabad would retaliate and "dominate the escalation ladder" if New Delhi authorized any military strikes. "Pakistan's armed forces shall never be surprised by you, but let me assure you we shall

The 38-year-old is one of many Venezuelans suffering from malnutrition as the once-prosperous, oil-rich OPEC nation has seen its economy halve in size over the last five years under President Nicolas Maduro. Venezuelans' diets have become ever more deficient in vitamins and protein, as currency controls restrict food imports and salaries fail to keep apace with inflation that is now above 2 million percent annually. Growing malnutrition is one of the reasons Venezuela's opposition leader Juan Guaido has moved ahead with his plans to bring supplies of food and medicine into Venezuela by land and sea on Saturday, despite resistance from Maduro.

The French people recently completed paying out about $60 million to non-French victims of the Holocaust and their survivors in a program administered by the United States, a reminder that the United States' central role in the rehabilitation and rebuilding of postwar Europe never quite came to a conclusion.This settlement, which is separate from the reparations paid to French victims of the Holocaust, recognizes the French collaboration in transporting non-citizens to Nazi death camps on French trains. Most of those receiving the reparations are now Americans or Israelis.The terms of the payments are specific, limiting the reparations to the survivors themselves, their spouses, their...

The SEC isn't messing around when it comes to investor protection. We're getting used to subpoenas being dealt out in the cryptocurrency space. But when it comes to traditional industries, they pack a decent punch. One right hook so hard, in fact, that it saw Kraft Heinz stock plummet by 20%. And Warren

China and Australia on Friday denied reports Australian coal was being blocked from entering the Asian country, with Canberra seeking to quell fears that worsening diplomatic tensions are damaging the nations' crucial trading relationship. Industry experts have noted recently that China appeared to be delaying customs clearances for Australian coking coal used in steel-making, but a report late Thursday that ports in the northern city of Dalian had banned the shipments sent the Aussie dollar plunging. China is Australia's biggest trading partner and coal is the resource-rich country's most valuable export.

A Japanese probe sent to examine an asteroid 300 million kilometres from the Earth for clues about the origin of life and the solar system landed successfully on Friday, scientists said. Data from the probe, Hayabusa2, showed changes in speed and direction, indicating it had touched down on the asteroid and was blasting back to its holding position, according to officials from the Japan Aerospace Exploration Agency (JAXA). A live webcast of the control room showed dozens of JAXA staff members nervously monitoring data ahead of the touchdown before exploding into applause after receiving a signal from Hayabusa2 that it had landed.

The father of an Alabama woman who joined the Islamic State group in Syria sued Thursday to bring her home after the Trump administration took the extraordinary step of declaring that she was not a US citizen. Hoda Muthana, 24, says that she regrets joining the extremists and is willing to face prosecution

U.S. President Donald Trump and his adult children on Thursday urged a federal judge to dismiss a racketeering lawsuit accusing them of using the family name to promote sham marketing opportunities to vulnerable, financially struggling investors. Calling the lawsuit "implausible," the Trump family said in a filing in federal court in Manhattan that the four plaintiffs failed to prove there was fraud or intent to cause harm, or that any statements by Donald Trump caused losses. The lawsuit said the Trumps deliberately conned victims into believing Donald Trump stood behind the investments and thought they would pay off, when the real goal was to enrich themselves.

The release of the undated two-page memo by the North Korean mission to the United Nations comes ahead of a second summit next week between U.S. President Donald Trump and North Korean leader Kim Jong Un on denuclearization of the Korean Peninsula. Washington has been demanding that North Korea give

SINGAPORE (Reuters) - Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets.

The bipartisan board's 5-0 decision came after Republican candidate Mark Harris, confronted by days of evidence that an operative for his campaign orchestrated a ballot fraud scheme, called for a new vote in the state's 9th Congressional District. Elections Board Chairman Bob Cordle said "the corruption" and "absolute mess" with absentee ballots had cast doubt on the entire contest.

The packaged food giant's charge to reduce the goodwill value of the Kraft and Oscar Mayer trademarks and other assets, coupled with disappointing fourth-quarter earnings and an accounting subpoena from securities regulators, sent the shares tumbling toward what would be a record low if the declines

U.S. President Donald Trump and his adult children on Thursday urged a federal judge to dismiss a racketeering lawsuit accusing them of using the family name to promote sham marketing opportunities to vulnerable, financially struggling investors. Calling the lawsuit "implausible," the Trump family said in a filing in federal court in Manhattan that the four plaintiffs failed to prove there was fraud or intent to cause harm, or that any statements by Donald Trump caused losses. The lawsuit said the Trumps deliberately conned victims into believing Donald Trump stood behind the investments and thought they would pay off, when the real goal was to enrich themselves.

Jussie Smollett is back on the set of "Empire" in Chicago following his release from police custody on Thursday, Variety has learned. Smollett was released after posting bail in Chicago after police charged him with staging what was originally reported as a hate crime last month. He was originally intended to film throughout this week […]

"We must confront the dark history of slavery and government-sanctioned discrimination in this country that has had many consequences including undermining the ability of Black families to build wealth in America for generations," Warren, who is white, said in a statement to Reuters. "Black families have had a much steeper hill to climb - and we need systemic, structural changes to address that," she said in the statement. U.S. Senator Kamala Harris also recently said she would support some form of reparations.

A newlywed same-sex couple in Russiaville, Indiana, were turned away by a tax preparer due to her Christian religious beliefs. Samantha Brazzel told ABC News that her wife, Bailey Brazzel, had employed Nancy Fivecoate, owner of Carter Tax Service, to file her taxes for the past four years. "I had gone with Bailey last year and she introduced me as her girlfriend and nothing was said, so we didn't anticipate any problems," Brazzel explained.

A Japanese probe is expected to land on a distant asteroid Friday, aiming to blast a "bullet" into the surface to collect clues about the origins of Earth and the solar system. The Hayabusa2 probe is scheduled to touch down at 8:25am local time (2325 GMT Thursday) on the Ryugu asteroid, some 300 million kilometres from the Earth, according to officials at the Japan Aerospace Exploration Agency (JAXA). If the landing is successful, Hayabusa2 will fire a projectile at Ryugu's surface to stir up surface matter, which the probe will then collect for analysis back on Earth.

Eleven Venezuelan diplomats in the United States have defected from President Nicolas Maduro's government since opposition leader Juan Guaido declared himself interim president last month, a representative of the opposition said on Thursday. Gustavo Marcano, senior aide to the Venezuelan opposition

California could be joined in any court fight by 12 other states that have adopted its standards and want stricter rules to fight climate change. Several other states have also demanded the administration abandon its August proposal to freeze federal fuel efficiency standards after 2020 and take away California's ability to impose stricter emissions rules. The administration has said tighter emissions controls would make automobiles too expensive.

Thursday's closing bell couldn't come soon enough for the US stock market, which plunged across the board and prevented the Dow from crossing the 26,000 point threshold. Dow Recovers 80 Points But Still Sees Triple-Digit Loss The Dow Jones Industrial Average plunged by 103.81 points for the day, falling 0.4 percent to 25,850.63. Losses were fairly evenly distributed throughout the stock market's other two major indices as well, as the S&P 500 and Nasdaq dropped by 0.35 percent and 0.39 percent, respectively. The market did pare losses in the minutes before the closing bell, enabling the Dow to recover by

A judge has imposed a full gag order on Trump confidant Roger Stone after he posted a photo on Instagram of the judge with what appeared to be crosshairs of a gun. U.S. District Judge Amy Berman Jackson said Thursday she believes Stone would "pose a danger" to others in the case if she didn

Consumer Reports on Thursday pulled a recommendation for Tesla Inc's Model 3, citing reliability problems, and the influential U.S. magazine turned up the pressure on other automakers to include crash-avoiding automatic braking as standard equipment. The magazine's decision to withdraw its endorsement

A U.S. Coast Guard lieutenant accused of amassing a cache of weapons and plotting to attack Democratic politicians and journalists was ordered held for two weeks on Thursday while federal prosecutors consider charging him with more crimes. Chris Hasson, 49, appeared in a burgundy jumpsuit but did not speak during a brief hearing in federal court in Greenbelt, Maryland. "There is an intent to murder innocent civilians," U.S. Attorney Jennifer Sykes told Judge Charles Day.

A stern Jussie Smollett was released on $100,000 bond in a court hearing Thursday afternoon after being arrested this morning on multiple felony charges stemming from an alleged assault late last month. With police and prosecutors insisting the Empire star staged the seemingly racist and homophobic attack against him January 29, the late-starting hearing saw a series of texts from last month between the Empire actor and brothers Olabinjo and Abimbola Osundairo planning…

Zion Williamson, a 6-foot-7-inch freshman forward for the Duke Blue Devils who is anticipated to be the top 2019 NBA Draft pick, suffered a mild sprain to his right knee because of the incident, according to his coach Mike Krzyzewski. "We are obviously concerned and want to wish Zion a speedy recovery

SALEM, Ore. (AP) - Faced with a housing shortage and skyrocketing rents, Oregon is poised to become the first state to impose mandatory rent controls, with a measure establishing tenant protections moving swiftly through the Legislature.

US President Donald Trump will have a one-on-one meeting with North Korean leader Kim Jong during their summit in Vietnam next week, a US official said Thursday. Trump is seeking to persuade the North Korean leader to abandon his nuclear arsenal. Stephen Biegun, the US special envoy to Pyongyang, is already in Hanoi holding talks with his North Korean counterpart Kim Hyok Chol.

The U.S.-backed Syrian Democratic Forces (SDF), which has steadily driven the jihadists down the Euphrates, has surrounded them at Baghouz near the Iraqi border, but does not want to mount a final attack until all civilians are out. Iraqi sources said the SDF handed over more then 150 Iraqi and other foreign jihadists to Iraq on Thursday, under a deal involving a total of 502. The SDF had expected to pull the last civilians from Baghouz on Thursday, but trucks it sent in left empty.